Inc RV I On Array
Info
The Inc RV I On Array is a Library for MetaTrader 5 that crvionarray class is designed for calculation of (relative vigor index) values on indicator buffers. Usage: Init()method with the following parameters is called in the function:int aPeriod - indicator period.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Libraries folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Inc RV I On Array
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
What this tool does
CRVIOnArray class is designed for calculation of (Relative Vigor Index) values on indicator buffers.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Library works on MetaTrader 5. Place the file in the MQL5/Libraries folder and restart the terminal.
Description & Settings
Related: Inc MA On Array - another powerful library for MetaTrader 5 traders.
CRVIOnArray class is designed for calculation of (Relative Vigor Index) values on indicator buffers.
Usage:
Init()
method with the following parameters is called in the function:
Also recommended: Inc AT R On Array - similar library with strong performance on MetaTrader 5.
int aPeriod
- indicator period.
ENUM_MA_METHOD aMethod
- .
Solve()
method with the following parameters is called in the function:
const int aRatesTotal
is a rates_total variable from the OnCalculate() function parameters;
const int aPrevCalc
- prev_calculated variable from the OnCalculate() function;
double aDataOpen[]
- the buffer with the Open data for the indicator calculation;
double aDataHigh[]
- the buffer with the High data for the indicator calculation;
double aDataLow[]
- the buffer with the Low data for the indicator calculation;
double aDataClose[]
- the buffer with the Close data for the indicator calculation;
double aM[]
- intermediate buffer for calculations;
double aMS[]
- intermediate buffer for calculations;
double aR[]
- intermediate buffer for calculations;
double aRS[]
- intermediate buffer for calculations;
double aMain[]
- buffer with the main line calculated values;
double aSignal[]
- buffer with the signal line calculated values.
Additional methods:
int BarsRequiredMain()
- returns the minimum number of bars for the main line calculation;
int BarsRequiredSignal()
- returns the minimum number of bars for signal line calculation;
string Name()
- returns the line with the indicator name.
Test_RVIOnArray.mq5 is a sample indicator showing CRVIOnArray class application. IncRVIOnArray file must be placed to MQL5\Include\IncOnArray of the terminal data folder (IncOnArray folder must be created).
CMAOnArray class from the IncMAOnArray file is needed for the proper work. It can be found .
The main point of (RVI) is that on the bull market the closing price is, as a rule, higher, than the opening price. It is the other way round on the bear market. So the idea behind Relative Vigor Index is that the vigor, or energy, of the move is thus established by where the prices end up at the close.
You may also like: Inc AD X On Array - excellent alternative for library users on MetaTrader 5.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.